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UPDATE: Sterne Agee Lowers Price Target On Comerica To $35
Tuesday, August 16, 2011 - 9:11am | 78According to Sterne Agee, Comerica (NYSE: SFD) price target is lowered to $35. Sterne Agee said that last week it anticipated some volatility in CMA shares as investors adjusted to the “new paradigm” of pervasively low interest rates and slow growth impacting names better suited for stronger...
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Jefferies Raises Estimates On Smithfield Foods
Tuesday, August 16, 2011 - 8:56am | 69According to Jefferies, Smithfield Foods (NYSE: SFD) estimates are raised. Jefferies said that lower levels of domestic availability and strong export demand have quietly pushed both live hog and pork prices to all-time highs. “We are raising our estimates to reflect the improved hog production...
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Citigroup Lowers PT On Sysco To $31
Tuesday, August 16, 2011 - 8:38am | 26Citigroup has lowered the price target on Sysco Corporation (NYSE: SYY) from $34 to $31 and maintains its Hold rating.
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Benzinga's Top Pre-Market Gainers
Tuesday, August 16, 2011 - 7:57am | 110Wal-Mart Stores Inc (NYSE: WMT) moved up 2.26% to $51.11 in the pre-market session. WMT reported a 5.7% rise in its fiscal second-quarter net income. Home Depot Inc (The) (NYSE: HD) added 1.72% to $32.00 in the pre-market session. HD reported a 14% rise in its fiscal-second-quarter net income....
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News Summary for August 16, 2011
Tuesday, August 16, 2011 - 7:44am | 642This is your Benzinga news summary and traders' outlook for Tuesday, August 16, 2011, covering headlines from overnight and Tuesday's pre-market session. Today in domestic pre-market trading, U.S. equity futures are trading lower. At last check, Dow futures are down over 100 points and the U.S....
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A Peek Into The Market Before The Trading Starts
Tuesday, August 16, 2011 - 7:30am | 383Pre-open movers US stock futures are lower this morning, as investors are awaiting economic data. Futures for the Dow Jones Industrial Average dipped 107 points to 11,296.00 and S&P 500 index futures fell 16.20 points to 1,182.20. Nasdaq 100 futures dropped 27.75 points to 2,178.75. A Peek...
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UPDATE: Wal-Mart Reports 5.7% Rise In FQ2 Net Income
Tuesday, August 16, 2011 - 7:27am | 80Wal-Mart Stores Inc (NYSE: WMT) reported a 5.7% rise in its fiscal second-quarter net income. Wal-Mart's net income surged to $3.8 billion from $3.6 billion. Its earnings per share rose to $1.09 from $0.97. Its net sales rose 5.5% to $108.64 billion. However, analysts were expecting earnings of $1...
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Solid Earnings Coupled with M&A Activity Illustrates Opportunity
Tuesday, August 16, 2011 - 7:19am | 312Global markets have fluctuated wildly in recent weeks, as investors jockey to protect themselves amid an onslaught of debt problems, political bickering, and renewed recession concerns. Less spoken about is some of the better economic news that continuously pops up across the world. Earnings at...
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The J. M. Smucker Company Announces Coffee Price Decreases
Tuesday, August 16, 2011 - 7:00am | 152The J. M. Smucker Company (NYSE: SJM) announced today that it decreased the list price for the majority of its coffee products sold in the United States, primarily consisting of items sold under the Folgers®, Dunkin' Donuts®, and Folgers® Gourmet Selections® brand names. Prices will decrease an...
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US Stock Futures Down; Wal-Mart Earnings In Focus
Tuesday, August 16, 2011 - 6:11am | 533US stock futures are lower this morning, as investors are awaiting earnings from Wal-Mart Stores Inc (NYSE: WMT). Futures for the Dow Jones Industrial Average dipped 77 points to 11,326.00 and S&P 500 index futures fell 12.60 points to 1,185.80. Nasdaq 100 futures dropped 23.50 points to 2,183....
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Earnings Scheduled For August 16
Tuesday, August 16, 2011 - 4:19am | 481TJX Companies Inc (The) (NYSE: TJX) is expected to report its Q2 EPS at $0.89 on revenue of $5.44 billion. Home Depot Inc (The) (NYSE: HD) is projected to report its Q2 EPS at $0.83 on revenue of $19.96 billion. Saks Incorporated (NYSE: SKS) is estimated to post a Q2 loss at $0.09 per share on...
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Stocks To Watch For August 16
Tuesday, August 16, 2011 - 3:52am | 299Some of the stocks that may grab investor focus today are: Wall Street expects Dell Inc (NASDAQ: DELL) to report its Q2 EPS at $0.49 on revenue of $15.76 billion. Dell shares jumped 4.19% to $16.15 in after-hours trading. Agilent Technologies Inc (NYSE: A) reported a 61% rise in its fiscal third-...
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oBaz's Brian Ficho: "We're Entirely Community-Driven"
Monday, August 15, 2011 - 3:55pm | 1107There are a lot of bizarre sites in the world. Lately, there have been a few bazaar sites as well. But only one combines the art of haggling with the benefits of crowdsourcing: oBaz.com. “The group is very important,” said Brian Ficho, the founder and CEO of oBaz. “We're entirely community-driven...
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You Paid What For Cereal?
Monday, August 15, 2011 - 11:50am | 573Everybody loves cereal in the morning, but not at $94 apparently. Some think it costs just a little bit more. Shares of Ralcorp Holdings Inc. (NYSE: RAH) are soaring this morning, after the company announced it had rejected a third offer from Conagara (NYSE: CAG), this time at $94 per share....
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SYSCO Down 5% on Lower Than Expected Earnings
Monday, August 15, 2011 - 11:39am | 40SYSCO (NYSE: SYY) is down 5% on lower than expected profits. The company reported Q4 EPS $0.53 vs $0.57 Est; Revenues $10.43B vs $10.36B Est. SYSCO Corporation is currently trading at $27.70, a loss of $1.56 or 5.33%.